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Shareholders of Mexican glass giant Vitro approved on Thursday the payment of a dividend of 0.25 peso per share.

Mexican glass maker Vitro SA said early on Tuesday that it will propose a 0.25 pesos-per-share dividend to investors at its annual shareholders meeting in March.

Vitro, the Mexican conglom-erate, sold its 51 per cent stake in Vitromatic, the white goods company, to Whirlpool of the US yesterday, in a deal valued at about Dollars 280m.

Demand for flat glass in the United States is forecast to rise three percent per year to almost seven billion square feet in 2005, valued at $9.1 billion.

Despite the slump in the construction industry, PG Industries increased its net profit almost 50-fold in the six months to September.

Tyrolit Vincent’s forward-looking Research and Development structure has brought out a wide array of tools for all work on glass for the car industry, including diamond wheels, drills and complementary products.

Net consolidated sales of the Saint-Gobain Group for the first 9 months of 2001 were up 7.6% year-on-year (12.8% excluding Essilor), to EUR 22,932 million, from EUR 21,302 million for the same period of 2000.

Mexican glassmaker Vitro said that its third quarter operating profit fell sharply, hit by the strong peso currency and an economic slowdown at home and in the United states.